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Published on 14/02/2020 11:37:34 AM | Source: Dion Global Solutions Ltd

Patspin India posts Q3 net loss of Rs 10.85 cr

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The company reported standalone net loss during the quarter stood at Rs 10.85 crore as compared to net loss of Rs 0.34 crore in the previous year quarter.

Net revenue of the company declined substantially by 37.12 per cent at Rs 93.06 crore in October-December quarter of this fiscal as against Rs 147.99 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 30.61 per cent to Rs 96.17 crore from Rs 138.60 crore in year ago period. Other Income grew by 766.67 per cent at Rs 1.56 crore versus (Dec'18 Rs 0.18 crore).

Operating Profit slipped by 133.12 per cent to Rs -3.11 crore as against Rs 9.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 152.60 per cent in December quarter. Interest declined by 8.34 per cent y-o-y to Rs 6.70 crore